Together with Recent Acquisitions of Risk Analytics Leader R2 Financial Technologies and Low-Latency Data Provider QuantHouse, Purchase Solidifies S&P Capital IQ's Leadership Role Among Providers Of Financial Information Solutions
New York, Chicago and London, July 2, 2012 -S&P Capital IQ, a business line of The McGraw-Hill Companies (NYSE:MHP) offering global multi-asset class data solutions, market research and portfolio risk analytics to global investors, today announced the completion of its acquisition of London-based Credit Market Analysis Limited (CMA), a leading source of independent data in the over-the-counter markets, from CME Group.
The acquisition was part of an agreement to establish a new joint venture in the rapidly growing index business, S&P Dow Jones Indices, which also closed today. With over $6 trillion in assets benchmarked to S&P Dow Jones Indices' products, S&P Dow Jones Indices is the world's largest, global resource for index-based concepts, data and research. In addition, it is home to iconic financial market indicators, such as the S&P 500The acquisition was part of an agreement to establish a new joint venture in the rapidly growing index business, S&P Dow Jones Indices, which also closed today. With over $6 trillion in assets benchmarked to S&P Dow Jones Indices' products, S&P Dow Jones Indices is the world's largest, global resource for index-based concepts, data and research. In addition, it is home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. and the Dow Jones Industrial Average®.
The purchase of CMA, along with the recently announced acquisitions of Toronto-based R2 Financial Technologies and Paris-based QuantHouse, provides S&P Capital IQ with the components necessary to offer its clients broad market data and risk analytics platforms in the industry.
"Thousands of financial institutions around the world rely daily on CMA's data and technology to provide them with clear, reliable pricing and related OTC information," said Lou Eccleston, president of S&P Capital IQ and chairman of S&P Dow Jones Indices. "This acquisition significantly expands S&P Capital IQ's asset-class coverage for data and pricing and adds the technology to move into intraday quotes on derivative and other OTC securities."
CMA's clients range from some of the largest investment banks and asset managers in the world, to boutique hedge funds and risk management firms. CMA will be integrated into S&P Capital IQ's existing pricing and data businesses, considerably broadening the firm's asset class coverage.
The forward-looking statements in this news release involve risks and uncertainties and are subject to change based on various important factors, including worldwide economic, financial, liquidity, political and regulatory conditions; the health of debt and equity markets, including possible future interest rate changes; the successful marketing of competitive products; the effect of competitive products and pricing; the risk that the transactions described herein are not consummated on their terms; and other matters described in McGraw-Hill's filings with the SEC.
About The McGraw-Hill Companies
McGraw-Hill announced on September 12, 2011, its intention to separate into two public companies: McGraw-Hill Financial, a leading provider of content and analytics to global financial markets, and McGraw-Hill Education, a leading education company focused on digital learning and education services worldwide. McGraw-Hill Financial's leading brands include Standard & Poor's Ratings Services, S&P Capital IQ, S&P Indices, Platts energy information services and J.D. Power and Associates. With sales of $6.2 billion in 2011, the Corporation has approximately 23,000 employees across more than 280 offices in 40 countries. Additional information is available at http://www.mcgraw-hill.com/.
About S&P Capital IQ
S&P Capital IQ, a business line of The McGraw-Hill Companies (NYSE:MHP), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. We provide a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as the S&P Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Capital IQ Valuations, and Compustat; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need. For more information visit www.spcapitaliq.com.
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